European Lithium’s Wolfsberg hard-rock lithium deposit in Austria has a positive prefeasibility study. The company is currently working on a definitive feasibility study that is expected to be delivered in the first quarter of 2023.

The ASX-listed company, which is aiming to be the first and largest local supplier of lithium hydroxide in the region, holds a non-binding memorandum of understanding with BMW (OTC Pink:BAMXF,ETR:BMW). If a deal is agreed upon, the German carmaker would make an upfront payment of US$15 million for the future supply of lithium hydroxide from Wolfsberg.

The company recently made news headlines when it said it would merge with Sizzle Acquisition, a special purpose acquisition company, to create a US-listed company called Critical Metals. European Lithium would be Critical Metals' biggest shareholder.

European Metals’ Cinovec project is said to host the largest lithium resource in Europe. Cinovec, which is located in the Czech Republic, is a hard-rock lithium deposit that is 49 percent owned by European Metals and 51 percent owned by energy group CEZ (WSE:CEZ).

According to a 2022 prefeasibility study, the Cinovec project will have a mine life of 25 years and annual production of 29,386 metric tons (MT) per year of battery grade lithium hydroxide.

The San Jose deposit in Spain is 75 percent owned by Australia’s Infinity Lithium (ASX:INF). The company, which published an underground mine scoping study in 2022, will mine the hard-rock mica resource and develop processing facilities. Infinity Lithium also kicked off the mining license and environmental impact assessment process this year.

Seasoned lithium investors will have heard of the Jadar lithium-borate deposit in Serbia, a massive deposit where lithium is hosted by the previously unknown borosilicate mineral jadarite. Major miner Rio Tinto has invested and committed more than US$450 million to the project to date, but has faced massive environmental protests, leading the Serbian government to block the project.

Savannah Resources is working on the Mina do Barroso hard-rock lithium project in Northern Portugal. The asset, which is considered one of Europe's biggest lithium projects, was awarded a 30 year mining lease in 2006, and has a three block mining lease application.

The company has faced opposition from environmental and community groups. Savannah Resources has been required to resubmit its environmental impact assessment, which is expected to happen in the first quarter of 2023.

Vulcan Energy Resources says its combined geothermal energy and lithium resource is the largest in Europe, with license areas in the Upper Rhine Valley in Germany and Italy. It is developing its zero-carbon project with the aim of decarbonizing lithium production.

Vulcan has signed deals with Stellantis (NYSE:STLA), Renault (EPA:RNO), Umicore (EBR:UMI) and South Korea's LG Chem (KRX:051910).

After acquiring Deutsche Lithium in 2021, Zinnwald Lithium is now the sole owner of the Zinnwald deposit in Zinnwald-Georgenfeld, located on the eastern side of Germany near the border with Czechia.

The Zinnwald deposit is a late-stage development project with an approved 30 year mining license. The company is currently working to update its environmental impact assessment.